The global veterinary X-ray market size is expected to reach USD 651.76 million by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.6% during the forecast period. Rising pet adoption is fueling the need for healthcare facilities, and growing penetration of direct (capture) radiography as well as technological advancements in X-ray systems are some key factors driving growth. As per IDEXX Laboratories, there has been an incremental growth of 2.2% in clinical visits per practice for U.S. companion animals in the first quarter of 2019. The aforementioned factors highlight the untapped opportunities for animal diagnostics segment, inclusive of imaging.
X-ray
devices help veterinarians and laboratory technicians to diagnose many
conditions, including bladder stones & tumors and determine foreign bodies
in an animal’s stomach. These devices also assist in locating fractures and
internal injuries. Increasing awareness about animal health along with high
adoption of advanced technologies is expected to contribute toward market
growth over the forecast period. For instance, advancements in digital
radiography and rise in awareness about their benefits such as
cost-effectiveness and higher efficiency.
Full Research Report On Veterinary X-ray Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/veterinary-x-ray-market
Further key
findings from the study suggest:
- Computed
radiography held a dominant share in 2018 due to increasing adoption in
animal health practices
- Digital X-ray
equipment segment is expected to gain popularity in the coming years owing
to user-friendliness and enhanced productivity
- The portable
segment is anticipated to witness lucrative CAGR over the forecast period
due to increase in awareness about its benefits
- Small
companion animals segment dominated the veterinary X-ray market as of 2018
due to increasing pet adoption along with rising awareness & concern
among pet owners
- The hospitals
and clinics segment held a dominant revenue share owing to rise in patient
footfall
- North America
accounted for a dominant revenue share as of 2018 due to rise in the
number of pets and increase in willingness to pay for their healthcare
- SOUND; IDEXX
Laboratories, Inc.; FUJIFILM Holdings America Corporation, Heska
Corporation, and Canon Inc. are some of the major players with broad
product portfolios and significant regional presence
- Companies are
adopting various strategies such as product development, mergers &
acquisitions, partnerships, collaborations, and regional expansion to gain
a competitive edge in the market.
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Grand View Research has
segmented global veterinary X-ray market on the basis of the technology, type,
modality, animal type, application, end use, and region:
Veterinary X-ray
Technology Outlook (Revenue, USD Million, 2014 - 2026)
- Direct (Capture) Radiography
- Computed Radiography
- Film-based Radiography
Veterinary X-ray
Type Outlook (Revenue, USD Million, 2014 - 2026)
- Digital
- Analog
Veterinary X-ray
Modality Outlook (Revenue, USD Million, 2014 - 2026)
- Portable
- Stationary
Veterinary X-ray
Animal Type Outlook (Revenue, USD Million, 2014 - 2026)
- Small Companion Animals
- Large Animals
- Others
Veterinary X-ray
Application Outlook (Revenue, USD Million, 2014 - 2026)
- Orthopedics and Traumatology
- Oncology
- Cardiology
- Neurology
- Dental Applications
- Others
Veterinary X-ray
End-use Outlook (Revenue, USD Million, 2014 - 2026)
- Hospitals/Clinics
- Reference Laboratories
- Others
Veterinary X-ray
Regional Outlook (Revenue, USD Million, 2014 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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